Suvad Osmanagic, the advisor of Prime Minister of the Federation of Bosnia and Herzegovina (FBiH) Fadil Novalic, said in an interview that the offer of Croatian oil company INA for the takeover of remaining 33 % of Energopetrol’s shares is ridiculous and miserable.
Last week, INA announced a takeover bid for Bosnian oil company Energopetrol, which share capital is divided into 5,492,922 shares with a nominal value of 6.39 euros. INA currently holds 3,680,258 shares of the Bosnian company, which represents 67 % of its share capital. The offered price per share is 1.18 euros or 18.4 % of the nominal value of shares. The stake of FBiH Government in the company is 22 %, while the remaining 11 % is owned by small shareholders, which are also the subject of the takeover.
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Tags: acquisition, BIH, Bosnia and Herzegovina, Energopetrol, fuel, INA, oil